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. harry reid wants to go after oil and gas companies and lord knows what. that kind of tax carpet bombing would generate a correction in the market. the market absorbed the last tax hike okay. but we don't want to push our luck, it seems to me. >> i think we're pushing our luck already. the market has yet to wake up to the reality of the last tax hike. the problem is obama puts the threats out because this is his way of premeg nating with republicans who are going to come to him in the debate about the sequesters and continuing resolution. obama is saying, don't even talk to me about entitlement reforms. if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't hav
able to pass a budget. now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. th
harry reid respond afterwards and said it's the house of representatives that is sitting on their postiors because the house passed their bills last year. they haven't acted. we are going to get votes in the senate over the next couple of days on a democratic and republican alternative to replace sequester but, of course, everyone knows, sue, that neither one of those bills is going to pass so the president is going to keep pounding. republicans are going to try to hold line on taxes, and we've got an unresolved standoff that will go on for a few more weeks until the sequester begins to bite. >> it's like groundhog day. we've seen this movie before. it's just ridiculous. >> you know, health care, defense, public safety, education, those are some of the areas that the president said will be hurt by those possible sequester cuts. >> but hasn't said anything about the banks, and my next guest says he should. fred cannon is an author behind a report, and he's certainly sounding the alarm on the sequester's impact on the financials. fred, why? i don't think most anybody is foc
Search Results 0 to 2 of about 3